Douglas L. Kennedy - 20 Mar 2024 Form 4 Insider Report for PEAPACK GLADSTONE FINANCIAL CORP (PGC)

Role
President & CEO
Signature
Douglas L. Kennedy
Issuer symbol
PGC
Transactions as of
20 Mar 2024
Net transactions value
-$37,578
Form type
4
Filing time
22 Mar 2024, 17:49:27 UTC
Previous filing
26 Jun 2023
Next filing
15 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGC Common Stock Tax liability $37,578 -1,571 -2.3% $23.92 67,775 20 Mar 2024 Direct
holding PGC Common Stock 156,630 20 Mar 2024 Rabbi Trust F1
holding PGC Common Stock 18,372 20 Mar 2024 401(k) F2
holding PGC Common Stock 9,550 20 Mar 2024 Employee Stock Purchase Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PGC Phantom Stock Award $0 +10,321 $0.000000 10,321 20 Mar 2024 Common Stock 10,321 Direct F4, F5
transaction PGC Phantom Stock Award $0 +15,482 $0.000000 15,482 20 Mar 2024 Common Stock 15,482 Direct F6, F7
holding PGC Phantom Stock 12,171 20 Mar 2024 Common Stock 12,171 Direct F4, F8
holding PGC Restricted Stock Units 25,004 20 Mar 2024 Common Stock 25,004 Direct F9, F10
holding PGC Restricted Stock Units 44,582 20 Mar 2024 Common Stock 44,582 Direct F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Held indirectly through a rabbi trust pursuant to a non-qualified deferred compensation plan.
F2 Includes 401(k) contributions used to purchase PGC stock.
F3 Includes shares received through dividend reinvestment since the last filing.
F4 Each share of phantom stock is the economic equivalent of one share of common stock.
F5 The phantom stock is scheduled to vest in three approximately equal installments on each of the first three anniversaries of the grant date.
F6 Each share of phantom stock represents the right to receive the economic equivalent of one share of common stock subject to certain perfomance conditions. The phantom stock will cliff vest , after three years, if the conditions are met.
F7 The phantom stock will cliff vest on the third annivesary of the grant date subject to certain performance conditions being satisfied.
F8 The phantom stock is scheduled to vest in five approximately equal installments on each of the first five anniversaries of the grant date.
F9 Each restricted stock unit represents a contingent right to receive one share of common stock of Peapack-Gladstone Financial Corporation.
F10 The restricted stock units vest and settle in stock in five approximately equal installments on each of the first five anniversaries of the grant date.
F11 Each restricted stock unit represents the right to receive one share of common stock of Peapack-Gladstone Financial Corporation subject to certain performance conditions. The units will cliff vest, after three years, if the conditions are met.
F12 The restricted stock units will cliff vest on the third anniversary of the grant date subject to certain performance conditions being satisfied.